With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion.Energy groups with spare cash, venture capital funds and multinational and state oil companies are eyeing assets with valuations that have largely tracked the halving of the oil price to less than $50 a barrel since last June.But with the exception of a few recent moves, including Repsol's $3 billion acquisition of Talisman Energy , buyers have largely stayed on the sidelines."Deals have just about dried up because you're catching a falling knife," said Simon Henry, chief financial officer at Royal Dutch Shell.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM remained unchanged at $7.44. In the past year, the shares have traded as low as $3.46 and as high as $11.22. On average, 20171600 shares of TLM exchange hands on a given day and today's volume is recorded at 2000.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.32% or $0.03/share to $9.37. In the past year, the shares have traded as low as $3.96 and as high as $12.17. On average, 6803600 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 6661720.
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